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Paragraph 52

Original text. Later amendments are not shown.

(1)

Section 119f1 (interpretation) is amended as follows.

(2)

In subsection (1)—

(a)

omit the definition of “the Authority”;

(b)

in the definition of “officially notified”, for “Authority” substitute “FCA”;

(c)

in the definition of “the public file”, for “Authority” substitute “FCA”; and

(d)

at the appropriate places, insert—

  • ““the appropriate authority” means—

    1. (a)

      in relation to a building society which is a PRA-authorised person, the PRA; and

    2. (b)

      in relation to a building society which is not a PRA-authorised person, the FCA;”;

  • ““the FCA” means the Financial Conduct Authority;”;

  • ““the PRA” means the Prudential Regulation Authority;”;

  • ““PRA-authorised person” has the meaning in section 2B of the Financial Services and Markets Act 2000;”.

(3)

In subsection (1A)—

(a)

for “Authority” substitute “FCA”; and

(b)

for “Authority’s” substitute “FCA’s”.

(4)

In subsection (4), for “Authority” substitute “appropriate authority”.

Annotations

Footnotes

f1

Section 119(1) was amended by the Building Societies Act 1997, S.I. 1996/1669, S.I. 2001/2617, S.I. 2001/3649, S.I. 2003/404, S.I. 2004/3380, S.I. 2008/948, S.I. 2009/805, and S.I. 2009/1941. Subsection (1A) was inserted by S.I. 2001/2617.